Section 80Central Act

Section 80: Submission of return for losses

The Income-tax Act, 1961

Submission of return for losses.

- Notwithstanding anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed [in accordance with the provisions of sub-section (3) of section 139] [ Substituted by Act 4 of 1988, Section 126, for certain words (w.e.f. 1.4.1989).], shall be carried forward and set off under sub-section (1) of section 72 or sub-section (2) of section 73 or [sub-section (1) or sub-section (3) of section 74] [ Substituted by Act 11 of 1987, Section 74, for " sub-Section (1) of section 74" (w.e.f. 1.4.1988).] [or sub-section (3) of section 74-A] [ Inserted by Act 20 of 1974, Section 13 (w.e.f. 1.4.1975).].

Sec 79A — Notwithstanding anything contained in this Act, where consequent to a search under section 132 or a requisition under section 132A or a survey under section 133A other than under sub-section (2A) of that section, the total income of any previous year of an assessee includes any undisclosed income, no set off, against such undisclosed income, of any loss, whether brought forward or otherwise, or unabsorbed depreciation under sub-section (2) of section 32, shall be allowed to the assessee under any provision of this Act in computing his total income for such previous year

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